Albany International (NYSE:AIN) Shares Gap Up on Better-Than-Expected Earnings

Albany International Corporation (NYSE:AIN)’s share price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $62.47, but opened at $66.26. Albany International shares last traded at $65.1450, with a volume of 9,532 shares traded.

The textile maker reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.20. The business had revenue of $349.54 million during the quarter, compared to analysts’ expectations of $326.12 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 1st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Albany International’s payout ratio is -64.37%.

Key Stories Impacting Albany International

Here are the key news stories impacting Albany International this week:

• Positive Sentiment: Third-quarter results exceeded expectations. Albany International reported adjusted earnings of $1.68 per share, above the roughly $1.48-$1.50 consensus estimate and well ahead of $0.71 a year earlier. Revenue rose 33.7% year over year to approximately $349.5 million, also topping forecasts. Albany International Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Engineered Composites helped drive performance. Management highlighted strong execution in the Engineered Composites business and said the strategic review of its Amelia Earhart Drive facility was favorably completed in less than a year, removing some operational uncertainty. Albany International Reports Third-Quarter 2026 Results
• Positive Sentiment: Positive third-party ratings may support investor demand. AIN was added to Zacks’ Rank #1, or “Strong Buy,” list, as well as its Strong Buy value and income-stock lists. These designations reinforce the improving earnings narrative and highlight the stock’s perceived value and income characteristics. New Strong Buy Stocks for October 29th
• Positive Sentiment: Aerospace partnership adds strategic visibility. Albany Engineered Composites joined Utah-based aerospace and advanced-materials companies in a partnership to develop next-generation bobsled cowlings, showcasing its composites capabilities ahead of the 2034 Winter Olympics. The announcement is strategically favorable, though its near-term financial impact is unclear. Utah Advanced Composite Manufacturers Partnership
• Neutral Sentiment: Fourth-quarter earnings guidance was revised. The revision could influence the next phase of trading, but the available report does not specify whether the updated outlook was raised or lowered. Investors will likely focus on the details of the revised forecast and management’s expectations for demand and margins. Albany International Revises Fourth-Quarter Earnings Guidance

Analysts Set New Price Targets

A number of research firms recently issued reports on AIN. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. JPMorgan Chase & Co. upped their price objective on Albany International from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, October 9th. Weiss Ratings raised shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 20th. Finally, Robert W. Baird upped their price objective on Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $67.67.

Hedge Funds Weigh In On Albany International

Hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new stake in shares of Albany International during the second quarter valued at about $3,009,000. Roubaix Capital LLC acquired a new stake in shares of Albany International in the first quarter valued at $3,525,000. Renaissance Technologies LLC acquired a new position in shares of Albany International during the first quarter worth about $5,007,000. Gabelli Funds LLC increased its position in shares of Albany International by 88.5% in the 1st quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock valued at $14,708,000 after purchasing an additional 132,226 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Albany International by 199.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker’s stock worth $33,655,000 after buying an additional 429,561 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Albany International Trading Up 3.9%

The stock has a market capitalization of $1.84 billion, a PE ratio of -37.48, a PEG ratio of 1.49 and a beta of 1.17. The business’s 50-day moving average is $60.34 and its two-hundred day moving average is $61.67. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.60.

About Albany International

Albany International Corporation is an advanced materials and engineered products company serving the paper, aerospace and defense industries. Founded in 1895, the company develops and manufactures specialized textiles, composite materials and related process technologies for industrial applications.

Albany International operates through two primary businesses. Its Machine Clothing segment produces engineered fabrics and process belts used in paper manufacturing, including forming fabrics, press felts, dryer fabrics and other products that support papermaking efficiency and quality.